Residential Rates
Whether you're a homeowner, renter, farmer, small commercial facility, or a large steel company, Owen Electric Cooperative provides competitive rates and contracts to fit all our members needs.
Type of Service- Single phase, 60 cycles, 120/240 volt.
Rate:
Effective Customer Charge All kWh
October 1, 2021 $20.67 $0.08362
Optional Residential Rates
Owen Electric's optional rates give members the potential to save money based on efficient electric use and the willingness to shift usage to specific periods of the day.
| Customer Charge | $20.67 per meter, per month | ||||||||||||||||
| Energy Charge per kWh | On-Peak Energy $0.12345 Off-Peak Energy $0.06071 |
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Owen Electric's optional rates give members the potential to save money based on efficient electric use and the willingness to shift usage to specific periods of the day.
| Customer Charge | $20.67 per meter, per month | ||||||||||||||||
| Energy Charge per kWh | On-Peak Energy $0.10528 Off-Peak Energy $0.06071 |
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Owen Electric's optional rates give members the potential to save money based on efficient electric use and the willingness to shift usage to specific periods of the day.
| Customer Charge | $20.67 per meter, per month | |||||||||||||||||||||||
| Energy Charge per kWh | On-Peak Energy $0.10426 Off-Peak Energy $0.06071 Shoulder Hours $.07880 |
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Owen Electric's optional rates give members the potential to save money based on efficient electric use and the willingness to shift usage to specific periods of the day.
| Customer Charge | $16.31 per meter, per month | |
| Energy Charge per kWh | 0-300 kWh | $.06608 |
| 301-500 kWh | $.08934 | |
| Over 500 kWh | $.12035 | |
Terms of Payment
The above rates are net, the gross being five (5) percent higher. In the event the current monthly bill is not paid within fifteen (15) days from the date the bill was rendered, the gross charge shall apply.
*The monthly kilowatt hour usage shall be subject to plus or minus and adjustment per kWh determined in accordance with the "Fuel Adjustment Clause."
Special Rates
Renewable Resource or Green Power Option
This is an option available to all rates and classes of members. This option provides the member with the ability to purchase a portion or all of their kWh usage from renewable sources that may be considered more environmentally friendly.
STANDARD RIDER - This Renewable Resource Power Service is a rider to all currently applicable rate schedules. The purpose of this rider is to provide the consumer with a renewable source of energy that may be considered more environmentally friendly.
A. Applicable - to the entire territory served.
B. Available - This schedule shall be made available to any consumer
in the following listed block amounts:
100 kWh Block (Minimum size) or Greater
AND where the consumer will contract with the Cooperative to purchase these blocks under this Retail Rider.
C. Agreement - An "Agreement for Purchase of Renewable Resource Power" shall be executed by the consumer prior to service under this schedule.
D. Rates - The monthly rate for this service will be a renewable power premium, i.e. an added charge, for all renewable power supplied to the customer. The renewable power rate premium will be as provided below:
$0.0275 per kWh or $2.75 per 100 kWh Block
This rate is in addition to the regular retail rates for power.
E. Billing and Minimum Charge - Blocks of power contracted for under this tariff shall constitute the minimum amount of kWhs the customer will be billed for during a normal billing period. For all power purchased in excess of the contracted Renewable Resource amount, the customer shall be billed at the normal rate for that class. For periods shorter than a normal monthly billing cycle (i.e. termination of service and final bill of a service) and actual kWh use is less than the contracted Renewable kWh amount, the customer shall pay for the full monthly block of kWhs originally contracted for.
F. Terms of Service and Payment - This rider tariff shall be subject to all other terms of service and payment of the applicable tariffs to which it is applied for each customer.
G. Conditions of Service - The rate granted under this Retail Rider shall be supported by one (1) year contracts between the customer and the cooperative.
This tariff is subject to the Energy Emergency Control Program as filed with the Kentucky Energy Regulatory Commission (now the Public Service Commission) on February 23, 1981, in Administrative Case No. 240, and as approved by the Commission Order of March 31, 1981.